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US Dollar Rebounds to Trend Resistance Ahead of NFPs
The greenback has had a nice little rebound this week, but any hope of continuation hinges on NFPs tomorrow.
US Dollar Falls, Commodity Currencies Rise as Payrolls Data Looms
The US Dollar retraced downward while the Australian, Canadian and New Zealand Dollars advanced amidpre-positioning for Friday’s US labor-market data.
Crude Oil, Gold Prices Look Ahead to US Jobs Data for Direction
Crude oil and gold prices are likely to look beyond near-term volatility to focus on Friday’s US jobs report as the source for lasting directional guidance.
Volatility Unsettles Rather Reassures and FX Activit Is Leading the Way
Volatility measures for many of the key asset classes have withdrawn to remarkably low levels. However, the backdrop for market risk and the persistence of FX volatility signal conditions are far more troubling than what these simple indicators may suggest.
China’s Market News: PBOC Cuts Fixing, Extends Credit
China’s Central Bank made major moves on Yuan and Yuan-denominated products.
GBP/USD Reversal Approaching Initial Support Targets
A reversal at the yearly open is underway with the decline now approaching likely areas of support. Here are the updated targets & invalidation levels that matter.
AUD to Pare Losses on Upbeat Retail Sales Report, Narrowing Deficit
Positive developments out of Australia may spur a near-term rebound in AUD/USD as it dampens bets for another RBA rate-cut in 2016.
Price Action Strategy for Short-Side USDJPY Continuation
One of the most attractive trends of 2016 remains in the process of retracement, and in today's piece, we look at how traders can use price action to plot re-entry in the direction of the 'bigger picture' move.
May Seasonality Sees Best Month of Year for USD After April’s Showers
If you hold the axiom, “April showers bring May flowers,” to be true, then you shouldn’t be surprised that a US Dollar bull trend has a chance to blossom after a very weak April.
EUR/USD Pullback to Gather Pace on Upbeat ISM Non-Manufacturing
EUR/USD may face a larger pullback should the ISM Non-Manufacturing survey put increased pressure on the FOMC to further normalize monetary policy.
US Dollar at Risk on Soft Data But Risk Aversion May Cap Losses
The US Dollar may face renewed selling pressure on soft ISM and ADP data but continued risk aversion could help limit losses.
China’s Market News: Landmark Tax Reform Unleashed to Support Private Sectors
Chinese authorities have been actively supporting numerous sectors in the Chinese economy of recent with various fiscal and monetary policies.
Dismal New Zealand Employment Report to Open Downside NZD/USD Targets
New Zealand’s 1Q Employment report may spur a bearish reaction in NZD/USD should the figures highlight a deterioration in labor-market dynamics.
NZD/USD Fails at 2016 High Ahead of Labor Report- Bearish Sub 7025
Kiwi has reversed sharply at the 2016 high ahead of tonight’s New Zealand Labor Report. Here are the updated targets & invalidation levels that matter.
NZD/USD Carves Double-Top; USDOLLAR Forms Bullish-Engulfing
The near-patters in NZD/USD raises the risk for a further decline, while the USDOLLAR stands at risk for a larger rebound.
USD/CAD Outside Day Reversal Off Key Support- Long Scalps in Play
USDCAD has responded to critical support with today’s price action shifting the near-term focus higher. Here are the updated targets & invalidation levels that matter.
The Dollar Has Finally Caught a Bid, but How Long Might This Last?
Another Central Bank makes another dovish move, but will this be enough for the recent bout of USD weakness to finally abate?
Risk FX Souring Quickly Ahead of Key US Data, Fed Speakers
The components of the USDOLLAR Index aren't moving in tandem - the disparity between risk FX and safe havens is evident.
Pound May Rise on PMI Data, Fed-Speak to Inform Rate Hike Bets
The British Pound may rise if April’s Manufacturing PMI data tops expectations. Comments from Federal Reserve officials sought to inform rate hike timeline speculation.
Wait-and-See RBA to Keep AUD/USD Afloat; Will Stevens Talk-Down AUD?
Even the RBA is expected to retain its current policy, AUD/USD may struggle to hold its ground should Governor Stevens toughen the verbal intervention on the aussie.
AUD/USD Scalp Targets Ahead of RBA- Watch 7590
The Aussie is eyeing near-term resistance head of tonight’s highly anticipated interest rate decision. Here are the updated targets & invalidation levels that matter.
China’s Market News: Earnings Reports Reveal Government Purchases
Heavy data was released to kick off the week, with PMI ratios, housing prices, and a bevy of earnings reports. Additionally, the government news agency commented on the outlook of economic policies.
EUR/USD Clears 1.1500; Retail FX Crowd Remains Stubbornly Short
Retail sentiment stands at extremes as the FX crowd remains net-short EUR/USD since the ECB’s March 10 meeting even as the pair climbs to fresh 2016 highs.
USDOLLAR at Critical Inflection Point Heading Into May Open, NFPs
The greenback is approaching a key technical support zone with the immediate short-bias now at risk. Here are the updated targets & invalidation levels that matter.
How to Approach EUR/USD and Gold at Fresh Highs
While many are lamenting currency market volatility, price action has really been driven by one primary theme. The big question is whether it can continue?
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